The right choice depends on when you need to move in and how much risk you are comfortable with. An under-construction flat usually costs less and offers more choice, while a ready-to-move flat lets you move in immediately and avoids GST.
If you are looking at under-construction flats in Mira Road, here is how the two compare, and how to reduce the risks of buying early.
Side-by-side comparison
| Factor | Under-construction | Ready-to-move |
|---|---|---|
| Price | Usually lower, especially at early stages | Usually higher |
| GST | 5% for non-affordable homes, 1% for affordable homes | No GST once the Occupancy Certificate is issued |
| Payment | Staged, linked to construction milestones | Mostly upfront |
| Choice of units | Wide choice of floor, view and layout | Limited to what is left |
| Move-in | After completion | Immediate |
| Rent during wait | You may pay rent and EMI together | No overlap |
| What you can inspect | Plans, sample flat and site progress | The actual finished home |
| Main risk | Construction delay | Older stock, fewer choices |
GST rates: ClearTax. GST does not apply to resale flats either.
Advantages of buying under-construction
- Lower entry price. Developers usually price early-stage units below completed ones, which can offset the GST.
- Easier payments. Staged payment plans spread the cost over the build period instead of one large payment.
- Best choice of units. You can pick the floor, view, layout and wing you want before inventory sells out.
- A brand-new home. You get new construction, modern amenities and a fresh society from day one.
- Potential appreciation. Areas with new infrastructure, such as Mira Road after the opening of Metro Line 9, may see values rise during construction. This is never guaranteed. Read why Mira Road East is becoming a top choice for homebuyers.
Risks, and how to reduce them
| Risk | How to reduce it |
|---|---|
| Possession delays | Check the completion date the developer has declared on MahaRERA, and follow the project’s quarterly progress updates |
| Changes to plans or specifications | Get carpet area, specifications and amenities written into your registered agreement for sale |
| Rent and EMI at the same time | Plan your finances for the full build period, and ask your bank about pre-EMI options |
| Unclear approvals | Review approvals, title documents and the registration certificate on the MahaRERA portal |
| Developer track record | Look at the developer’s completed projects and visit the site regularly |
MahaRERA registration gives buyers of under-construction homes legal protection and a complaint route if commitments are not met.
Tracking progress at Urban Reserve
Urban Reserve (MahaRERA PR1330002601293) is an under-construction project at Poonam Garden, Mira Road East. Piling work began on 29 October 2026, and Wing B, Phase 1 is now available. The possession date declared on MahaRERA is June 2031.
Buyers can follow progress through the construction updates, which are posted with dated site photographs, and through the project’s page on the MahaRERA portal.
Choosing a home type? Compare 2 BHK vs 3 BHK, or read what a jodi flat is.
Frequently asked questions
Is GST charged on an under-construction flat?
Yes. GST is 5% for non-affordable homes and 1% for affordable housing. It does not apply once the Occupancy Certificate is issued.
Is under-construction cheaper than ready-to-move?
Usually, yes. Early-stage pricing is often lower, though you should compare the total cost including GST, and any rent you pay while waiting.
How can I reduce the risk of buying under-construction?
Buy only MahaRERA-registered projects, read the agreement for sale carefully, check approvals on the MahaRERA portal and visit the site regularly.
Book early, choose better
Early buyers get the widest choice of floors and layouts. Enquire about Urban Reserve or call +91 88288 27766. Site visits are open Monday to Sunday, 10 AM to 7 PM.
